We’re here to get Britain building, by providing bespoke development finance to SME property developers in underserved regions. We’ll also offer savings rates that the UK public will love.
Only around half of the government’s housebuilding target is being met . Alongside availability of land and planning permission, access to finance is a key driver of this.
One third of property developers have had an application for finance declined. A similar number have even avoided applying for finance, fearing rejection .
The problem is made worse for SMEs generally, where 46% have had difficulty accessing finance . This is mirrored in property development, where existing lenders focus on higher loan values .
Property developers outside London and the South East are struggling even more – just 26% of lenders have lent to those in the north of England , for example.
GBB is determined to be a powerful force in reversing these trends and making a tangible impact in property development in the UK.